SI111: Trend Following pros and cons ft. Michael Covel

Published: Oct. 25, 2020, 3:29 a.m.

Legendary Trend Following author & podcast host, Michael Covel, joins us today to discuss the far-reaching popularity of his books, the advantages of allocating to a Trend Following manager rather than DIY trading, managing money for clients vs being an unknown successful private trader, why Trend Following funds should worry about AUM growing to be too large, why Trend Following still deserves an important allocation to any investment portfolio after recent mediocre returns, and whether central bank Quantitive Easing programs have changed the landscape for systematic investors.

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Episode TimeStamps:

00:00 \u2013 Intro

01:04 \u2013 Weekly review of performance

10:17 \u2013 Moritz: Do you have any new books in the making?

13:07 \u2013 Announcement of Jack Schwager joining us on the show in 2 week\u2019s time

13:16 \u2013 Moritz: How is your personal trading going?

16:00 \u2013 Listener question; Saeed: Which market sectors have the longest trends?

28:50 \u2013 Moritz: Do you think Trend Following is over-crowded?

29:49 \u2013 Niels: Is Trend Following\u2019s mediocre performance over the last 10 years a new normal or an anomaly?

30:38 \u2013 Niels: What are your thoughts on pure Trend Following versus multi-strategy?

33:27 \u2013 Niels: How have institutional investors\u2019 attitudes to Trend Following changed over the past 20 years?

38:24 \u2013 Niels: What do you say to those who ask, \u2018has quantitive easing killed Trend Following\u2019?

41:32 \u2013 Niels: What about those who say, \u2018fast moving markets have killed Trend...